HBT Sets October 29 Vote on $204.6M Tri-County Merger; Castle Creek Elects All-Cash
HBT sits 64% above its 52-week low of $22.36.
Summary
HBT Financial's S-4/A sets the October 29, 2026 special meeting for Tri-County stockholders to vote on the $204.6M merger. Castle Creek, the largest holder, will take all cash for its 563,064 shares.
Key Events · M&A and Partnerships · HBT
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Special Meeting Set for October 29
Tri-County stockholders will vote on the merger at 1:00 p.m. Central Time at the Mendota Civic Center. Record date is September 10, 2026, with 2,427,703 shares outstanding and entitled to vote.
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Castle Creek Elects All-Cash
Castle Creek Capital Partners VI, LP, TYFG's largest stockholder at 23.6% (563,064 shares), has agreed to elect all-cash consideration of $71.01 per share, consuming a large portion of the $59.95 million aggregate cash pool.
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28% of Shares Committed to Vote For
All TYFG and First State Bank directors plus one significant stockholder, collectively holding 683,376 shares (~28% of outstanding), signed voting and support agreements to vote in favor of the merger.
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Regulatory Applications Filed August 14
HBT submitted a Federal Reserve waiver request and Heartland Bank filed applications with the FDIC and IDFPR on August 14, 2026. Approvals remain pending.
Analysis · HBT · Finance
This S-4/A finalizes the mechanics of the Tri-County Financial Group acquisition. The special meeting is set for October 29, 2026, with a record date of September 10, 2026. Castle Creek Capital Partners VI, LP — TYFG's largest stockholder at 23.6% — has agreed to elect all-cash for its 563,064 shares, which locks in a significant portion of the $59.95 million aggregate cash consideration. Voting and support agreements cover approximately 28% of outstanding shares, giving the deal a strong base of committed votes. Regulatory applications were filed August 14, 2026 with the Federal Reserve, FDIC, and IDFPR. The $7.25 million termination fee and environmental remediation adjustment threshold of $1.0 million are now disclosed. The deal remains subject to stockholder approval and regulatory clearance, with closing expected in Q4 2026 or Q1 2027.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 29.7% of the 1531 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HBT was trading at $36.68 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $22.36 to $37.51. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.